On the production side, mining and quarrying grew the most (up by 2.9 percent, quarter-on-quarter, from a 2.7 percent fall in the first three months of 2013). In contrast, fishing dropped by 3.34 percent (down from a 3.7 percent expansion in the first quarter); construction shrank by 1.37 percent and manufacturing contracted by 1.2 percent.
Activities related to real estate, renting and business activities grew 1.4 percent quarter-on-quarter, health care and social services went up by 1.2 percent, other community, social and personal services increased 1.2 percent and hotel and restaurant services accelerated to 1 percent. In contrast, financial activities went down by 1.7 percent quarter-on-quarter.
On the expenditure side, gross fixed capital formation fell by 1.16 percent. While both household and government spending slightly decreased (-0.18 percent and -0.23 percent, respectively), exports and imports accelerated to 0.9 percent and 0.84 percent, respectively. ,
Year-on-year, the Russian economy expanded by 1.2 percent, the slowest pace in three years.